# "Will the Strong Dollar Persist? Limited Possibility of KRW-USD Settling at 1400 Won" - The Asia Business Daily

> Eugene Investment & Securities expects the strong dollar to persist, but sees limited chance of the won-dollar rate settling in the 1400 range near term. Researchers say the won's weakness stems mainly from dollar strength, deepened by links to the yuan and yen.

- Date: 2024-04-28 · published 2024-04-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30980-will-the-strong-dollar-persist-limited-possibility-of-krw-usd-settling-at-1400
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A persistently strong dollar raises the won cost of imported feed, supporting Korean buyers' demand for dollar-priced grain and meal to be less price-sensitive at the margin. The forecast points to continued pressure on dollar-denominated feed prices in won terms.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2016-11-30 | [Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times](https://feedsoft.ai/events/74046-seoul-won-down-at-1-week-low-as-us-dollar-jumps-after-opec-deal-stocks-up-the.md) | -0.6% | +1.3% |
| DXY | 2021-01-29 | [Safe-haven dollar looks to end week strong as market jitters persist - Markets - Business Recorder](https://feedsoft.ai/events/49396-safe-haven-dollar-looks-to-end-week-strong-as-market-jitters-persist-markets.md) | +0.7% | +0.7% |
| DXY | 2024-05-30 | ["Increase in Ants' Overseas Investment Drives Won-Dollar Exchange Rate Rise" - The Asia Business Daily](https://feedsoft.ai/events/30499-increase-in-ants-overseas-investment-drives-won-dollar-exchange-rate-rise-the.md) | +0.3% | +1.8% |
| DXY | 2024-11-07 | [Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times](https://feedsoft.ai/events/27699-vietnam-sets-dong-fix-rate-at-record-low-amid-us-dollar-strength-the-business.md) | +1.0% | +0.8% |

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2024042908172217583

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.